S&P: Positive view for Arab Tunisian Bank

Standard & Poor's Ratings said it revised its outlook on Arab Tunisian Bank to positive from stable, and affirmed its BB+ long-term and B short-term counterparty credit ratings.

The outlook revision reflects the opinion that the bank's financial profile has improved in recent years in asset quality and profitability, S&P said.

Better asset quality could also result in lower provisioning needs and therefore stronger profitability ratios, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.